FXstreet.com (California) - EUR/USD once again failed to hold above 1.4500 yesterday, dipping into the 1.4385 price zone before a moderate bounce into the 1.4440 area where it closed the American trade, 70 pips below its starting price.

David Rodriguez, Quantitative Strategist at DailyFX says, ?I'm watching two key EURUSD levels with great interest. There's an ascending triangle formation that dates back to early July which leaves resistance almost squarely at 1.45, while upward-sloping trendline support is at 1.43.?

At the time of writing, EUR/USD is ranging between 1.4450/1.4415, last quoted in the 1.4430 price zone. To the downside, according to Valeria Bednarik, Chief Analyst at FXstreet.com, support levels lie at 1.4410, 1.4380 and 1.4350. To the upside, resistance levels lie at 1.4475, 1.4500 and 1.4530.